Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1887-05-05
ON CHANGE.
Spot Cotton Unchanged, Futures from
One to Fourteen Points Higher.
Money Market Easy.
Wheat Advanced Under a Sharp Demand
from the ShOrts-Live Stock Trans
actions Brisk.

FORT WORTH mARAErS-DAILY BE
vIEVg.
OFFICE OF THE GAZETTE,
FORT WORTH. TEX, May 4, 1887.
Trade was good to-day in all lines.
Several small lots of wool were re-
ceived to-day and brought Is cents. but
the market is generally quiet.
THE STATE OF TRADE.
Special kilograms to Bradstreet's from
leading trade centers Indicate moderate
improvement in the movement of general
merchandise. At Philadelphia, Cincin-
natl, Louisville, Chicago. ST. Louis,
New Orleans and San Francisco
there have been gains over a
week ago. The interior demand and
the call for staple goods at New Orleans,
st. Louis and Chicago is marked. At San
Francisco prices tend upward on liberal
transactions. Sugar has advanced 893c.
per pound since the relief experience by
transcontinental lines from section of
the Interstate law, and 1000 barrels have
been shipped to St. Paul via the Canadian
Pacific, with more to follow.
Other California overland shippers
have begun to send goods east
as well. Trade at Louisville is stimu-
lated by the active measures taken to in
crease that city's industrial and COM
mercial Importance. The distribution of
merchandise from Boston has been dis
tprbed because of inability of railways to
announce freight rates, so that cost of
delivery of goods may be determined.
Interviews with over 1900 lead
ing shippers at thirty-four cities, wired
to Bradstreet's, indicate that ike delay
in framing as we'll as in making known
rates has had much to do with the late
disturbance to trade. It is also learned
that railways have been and are making
new, and, as stated, more equitable rates
than were first announced, which goes to
relieve the situstion; and that there is q
sentiment among a large number of the
shippers in favor of the interstate law
being fully tested.
The industrial situation is no more
promising than last week. The great
Worcester county MASS boot and shoe
lockout is practically over, but stove
molGers, building trades aud other
strikers aggregate over $1,000 in April to
the 28Lh inst Over 10000 coal miners
are to demand an advance, as will 10000
iron and steel workers, with strikes as
alternatives. The total bank clearings
at thirty-seven cities for six
days ended yesterday, as exclusively
wired to Bradstreet's, amounted to
1895, 783, 863, against $1,058, 588, lis last
week, and as compared with $781, 604, 965
In the fourth week in April, 1886. The
decline for the week is $62, 775, 00G, Or 6
per cent, but the weeks total is % per
cent. in excess of the record year ago.
The check to trade caused by the new
rail rates of late is now reflected in part
in the bank clearings. New York's total
declined S25, 900, 900, Boston's $1,000, 900,
Pbiladelphia's $14,OCO,00O, aud Chicago's
S8, 900, 900, this week, which does not
result from current business alone.
Interior money markets are not, as rule,
as easy as last week, owing to increased
local demands in many lines. The New
York stock market has been dull and
irregulay with lower tendencies at times,
largely due to the disturbed condition of
foreign markets and uncertainty regard
ing the effects of the new railway rates.
Money is easier and foreign exchange
strong and rising.
1t is pointed out by Bradstreet's that
wheat and -four exports, July l last to
date, cover the exportable surplus of last
crop, and that present rate of exports,
with home consumption, would, if con-
tinued to July l next, wipe out the re-
serves carried over last summer, if they
were correctly estimated, The "drop"
in wheat is due chiefly to the cliques sell
ing May and buying the deferred
deliveries. 1t is conceded that ar
fragments with the carriers have been
perfected to hold the cereal through May
and possibly June, so no sensational de-
Yelopments are looked for next week.
There is little new in iron or steel.
Reported cut prices on bar and rails are
isolated cases and specially Influenced.
AS rule prices are very firm, with makers